In this article we cover the following topics:
- SaxoWealthCare is an asset management service, what does this mean?
- Why should I choose SaxoWealthCare to manage my assets?
- How do I get started?
- What is an investment plan?
- How much does SaxoWealthCare cost?
- What return can I expect from SaxoWealthCare?
- How will SaxoWealthCare invest my money?
- Can I change my investment plan?
SaxoWealthCare is an asset management service, what does this mean?
This means that when you sign up for SaxoWealthCare Saxo will manage your money for you based on your investment plan. Investment decisions and trades are then made on your behalf, you don’t have to set trades or make changes when markets change.
Why should I choose SaxoWealthCare to manage my assets?
Here are some main reasons why you should choose SaxoWealthCare:
- SaxoWealthCare is digital, easy to use and operated by Saxo across many countries and markets to help you effortlessly build your long-term wealth. We are focused on offering unbiased investment opportunities to help you meet your goals.
- SaxoWealthCare offers multiple investment models and strategies that Saxo we will put together for you in a suitable combination that aligns with your risk and loss preferences and maximises your chances of achieving your goals. Every portfolio is tailored over time to you and your needs.
- SaxoWealthCare has no lock-ins or withdrawal penalties so you can be confident that your money is available to you when you need it.
- Digital wealth with a human touch (particularly for platinum/VIP clients).
- From a trusted European financial institution (Saxo) with 870,000 clients with US$90 billion in client assets along with guidance from experts such as Blackrock & Amundi.
- Saxo doesn’t only offer digital wealth but also its direct trading platform allows clients to trade stocks, bonds, fx etc. Over 60,000 instruments to trade.
- Fair pricing for a high-value service. Pricing is at a fraction of the price of traditional banks and competitive with digital wealth managers.
How do I get started?
To get started, you'll need to register for a SaxoWealthCare account and then go through the simple process of creating your personal investment plan based on your personal needs and goals. Once you are happy with your plan you review and accept the investment plan recommended by SaxoWealthCare and then submit an initial deposit (subject to minimums). When these three actions are performed, your asset management starts automatically. You can also watch our videos on how to get started and some of our unique features here.
What is an investment plan?
An investment plan is the allocation of your cash funds by country, sector and instrument type that is required to meet your personal goals and financial objectives. Building your plan is a two-way process, we make an Investment Plan together. You describe your needs and goals and how you can fund them, and then we further personalise your plans through some quick and easy questions to learn more about you. Based on this information, we will create a personal investment plan for you as a proposal to approve. After you approve your investment plan, we start investing to help you get to your goals.
How much does SaxoWealthCare cost?
The management fees you pay for SaxoWealthCare depend on your investment amount into your portfolio. Because we’re strong believers in the benefits of long-term investing the more you invest, the lower your price. Plus you get personalised wealth management from a trusted European financial institution with prices that are a fraction of the cost of traditional banks and competitive with digital wealth managers. Here’s a detailed breakdown of the costs included:
A product fee (est. 0.17% - 0.45% per year), levied by the fund managers, is already included in the market price of the ETFs which make up your portfolio.
What return can I expect from SaxoWealthCare?
When you start the service, we use a scientific calculation process to create a range of possible scenarios based on historical market performance and your investment settings. Based on this forecast, you can see the different return outcome scenarios for your account.
If you want to know more about the historical performance of the underlying portfolio building blocks you can find the information here.
How will SaxoWealthCare invest my money?
SaxoWealthCare uses Exchange Traded Funds (ETFs) as investment instruments. We’ve selected world-class partners such as Blackrock and Amundi to collaborate with to construct our investment portfolios utilised for SaxoWealthCare. Our partners build a combination of ETFs, based on an agreement with Saxo, that SaxoWealthCare will use to build your personal portfolio.
Can I change my investment plan?
You can adjust, change or customize your investment plan at any time via the Update Plan button on your dashboard. You can make the changes and receive an updated investment proposal for approval. When you approve your updated investment plan, we will update your portfolio within three business days (if necessary).